6 Terms
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Supermarkets
Terms that are in relation to the biggest kind of retail store.
Industry: Retail
Add a new termContributors in Supermarkets
Supermarkets
Variety
Retail; Supermarkets
The practise of carrying a complete line of a brand and several different brands, so that customers will have the widest possible choice.
Food service
Retail; Supermarkets
The preparation and sale of ready-to-eat food items, snacks and meals.
List price
Retail; Supermarkets
The price at which items are listed for sale before discounts or allowances.
Unit cost
Retail; Supermarkets
The price of one unit of a product. It includes any related variable costs and any applicable fixed cost allocations that may apply.
Work-back calculation
Retail; Supermarkets
The price point at which a product is sold by a manufacturer to a wholesaler or retailer. The cost does not include retail/warehousing markups. Calculated when a new product is offered or when there ...
Historical margin
Retail; Supermarkets
The profit margin figured on a product or category of products.
Faced
Retail; Supermarkets
The pulling forward of product to the edge of the gondola shelf to make the display appear fully stocked. Also known as face-up or facing up.
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